ETRADE Capital Management LLC raised its holdings in shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) by 6.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,239 shares of the financial services provider’s stock after acquiring an additional 132 shares during the quarter. ETRADE Capital Management LLC’s holdings in AMERIPRISE FINANCIAL SERVICES, INC. were worth $285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 109.3% in the second quarter. Principal Financial Group Inc. now owns 508,733 shares of the financial services provider’s stock valued at $64,757,000 after acquiring an additional 265,632 shares during the period. Leisure Capital Management grew its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 0.5% during the first quarter. Leisure Capital Management now owns 16,339 shares of the financial services provider’s stock valued at $2,119,000 after acquiring an additional 83 shares in the last quarter. Intrust Bank NA grew its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 0.7% during the second quarter. Intrust Bank NA now owns 1,793 shares of the financial services provider’s stock valued at $228,000 after acquiring an additional 12 shares in the last quarter. First Eagle Investment Management LLC grew its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 100.0% during the second quarter. First Eagle Investment Management LLC now owns 21,324 shares of the financial services provider’s stock valued at $2,714,000 after acquiring an additional 10,662 shares in the last quarter. Finally, Airain ltd purchased a new position in AMERIPRISE FINANCIAL SERVICES, INC. during the second quarter valued at approximately $1,184,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

In other news, VP Kelli A. Hunter sold 1,500 shares of AMERIPRISE FINANCIAL SERVICES, INC. stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $144.59, for a total value of $216,885.00. Following the sale, the vice president now directly owns 27,356 shares of the company’s stock, valued at $3,955,404.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Kent Stewart sold 4,945 shares of AMERIPRISE FINANCIAL SERVICES, INC. stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $144.21, for a total value of $713,118.45. Following the completion of the sale, the insider now directly owns 21,969 shares in the company, valued at $3,168,149.49. The disclosure for this sale can be found here. Insiders have sold a total of 182,979 shares of company stock valued at $26,479,126 in the last three months. Insiders own 1.50% of the company’s stock.

A number of analysts recently weighed in on AMP shares. Zacks Investment Research lowered shares of AMERIPRISE FINANCIAL SERVICES, INC. from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. BidaskClub downgraded shares of AMERIPRISE FINANCIAL SERVICES, INC. from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 19th. Barclays PLC boosted their price target on shares of AMERIPRISE FINANCIAL SERVICES, INC. from $130.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday, August 11th. Citigroup Inc. set a $166.00 price target on shares of AMERIPRISE FINANCIAL SERVICES, INC. and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada set a $149.00 price target on shares of AMERIPRISE FINANCIAL SERVICES, INC. and gave the stock a “sector perform” rating in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. AMERIPRISE FINANCIAL SERVICES, INC. presently has an average rating of “Hold” and an average price target of $147.09.

Shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE AMP) opened at 148.51 on Monday. The stock’s 50 day moving average is $140.53 and its 200 day moving average is $132.16. AMERIPRISE FINANCIAL SERVICES, INC. has a 52-week low of $86.25 and a 52-week high of $149.99. The stock has a market cap of $22.27 billion, a PE ratio of 17.01 and a beta of 1.88.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last announced its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.18. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. AMERIPRISE FINANCIAL SERVICES, INC. had a net margin of 11.81% and a return on equity of 26.54%. AMERIPRISE FINANCIAL SERVICES, INC.’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.23 EPS. Equities research analysts forecast that AMERIPRISE FINANCIAL SERVICES, INC. will post $11.28 earnings per share for the current year.

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AMERIPRISE FINANCIAL SERVICES, INC. Company Profile

Ameriprise Financial, Inc is a financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. The Company uses Ameriprise Financial as its enterprise brand, as well as the name of its advisor network and certain of its retail products and services.

Institutional Ownership by Quarter for AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP)

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